Wednesday, December 15, 2010

Obama and Top CEOs to Meet

WASHINGTON — Hiring is anemic but corporate profits are up, and President Barack Obama is having 20 CEOs over to talk about how to tap that cash to boost jobs.

But don't count on the president to reprise the "fat cat" scolding he gave bankers a year ago. No, this is not a woodshed moment.

For Obama and the business sector, Wednesday's meeting is a wary embrace.

With new tax and trade deals as enticements, Obama is taking yet another step toward the political middle as he moves to confront a still-weak economic recovery and the capital's new political alignment.